Sunday, May 21, 2017

Busy Auditors, Partner-Client Tenure, and Audit Quality: Evidence from an Emerging Market


Using a sample of public firms listed in the Chinese market for the years 2000–2009, we find that audit partners with more public clients are associated with lower audit quality, consistent with the “busyness” effect that auditing multiple clients dissipates audit partner effort and, thus, reduces audit quality. However, the negative association is more pronounced ...more

Is Modern Technology Responsible for Jobless Recoveries?


Since the early 1990s, recoveries from recessions in the US have been plagued by weak employment growth. We investigate whether a similar problem afflicts other developed economies, and whether technology is a culprit. We study recoveries from 71 recessions in 28 industries and 17 countries from 1970-2011. We find that though GDP ...more

Forecasting Taxes: New Evidence from Analysts


We provide new evidence about how analysts incorporate and improve on management ETR forecasts. Quarterly ETR reporting under the integral method provides mandatory point-estimate forecasts by management, but firms must record certain “discrete” tax items fully in the quarter in which they occur, polluting these forecasts. We investigate management ...more

Banks as Secret Keepers


Banks produce short-term debt for transactions and storing value. The value of this debt must not vary over time so agents can easily trade it at par like money. To produce money-like safe liquidity, banks keep detailed information about their loans secret, reducing liquidity ...more

Escaping the Great Recession


We show that policy uncertainty about how the rising public debt will be stabilized accounts for the lack of deflation in the US economy at the zero lower bound. We first estimate a Markov-switching VAR to highlight that a zero-lower-bound regime captures most of ...more

Saturday, May 20, 2017

Perkembangan Harga Saham PT PEMBANGUNAN PERUMAHAN (PERSERO) TBK Periode 2014 - 19 Mei 2017

Perkembangan harga saham PT PEMBANGUNAN PERUMAHAN (PERSERO) TBK sepanjang 2014, 2015 dan 2016 secara tahunan masing-masing sebesar 208,2%; 8,4% dan 3,4%. Perkembangan tahun berjalan sampai dengan 19 Mei 2017 sebesar -21,39%....more

Sunday, May 14, 2017

Perkembangan Harga Saham PT PERUSAHAAN GAS NEGARA (PERSERO) TBK Periode 2014 - 12 Mei 2017

Perkembangan harga saham PT PERUSAHAAN GAS NEGARA (PERSERO) TBK sepanjang 2014, 2015 dan 2016 secara tahunan masing-masing sebesar 34,1%; -54,3% dan -1,6%. Perkembangan tahun berjalan sampai dengan 12 Mei 2017 sebesar -8,9%....more